Reuters - Mitsubishi UFJ Financial Group said picks Amsterdam as EU investment banking base

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Japan’s Mitsubishi UFJ Financial Group (MUFG) has picked Amsterdam as its European Union investment banking base, sources with knowledge of the matter said on Wednesday, as financial institutions prepare for Britain’s exit from the EU.

Reuters reports that MUFG has also decided to open a branch in Paris for its investment banking unit, said the sources, who were not authorised to discuss the matter publicly.

Japan’s largest lender with $2.8 trillion (2.1 trillion pounds) in assets has already picked the Dutch city for its commercial banking operations in continental Europe.

Currently, the Japanese bank’s European investment banking unit, MUFG Securities EMEA plc, has its head office in London with staff of about 600 people.

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Japan's MUFG picks Amsterdam as its EU investment banking base - sources

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